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Receive free Arm Ltd updates We’ll send you a myFT Daily Digest email rounding up the latest Arm Ltd news every morning. Shares in SoftBank-backed chipmaker Arm jumped by 10 per cent as it began trading on the Nasdaq exchange on Thursday. Arm opened at $56.10 per share on Thursday afternoon, significantly above the $51
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US inflation exceeded forecasts in August after fuel prices rose, but underlying price pressures eased. The headline rate of consumer prices rose 3.7 per cent year on year, according to the Bureau of Labor Statistics, up from 3.2 per cent in July and higher than consensus forecasts of 3.6 per cent. On a monthly basis,
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The banks underwriting Arm’s $50bn listing will close orders for shares a day earlier than planned due to strong demand for the biggest initial public offering in nearly two years. People familiar with the matter said the IPO for the UK-based chip designer, which is more than five times oversubscribed, will close on Tuesday, instead
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India’s prime minister Narendra Modi has called for the mandate of multilateral lenders such as the World Bank to be expanded, as the IMF’s managing director demanded an increase in the lender’s resources by the end of the year. Efforts to boost the balance sheets and reform the governance of the Washington-based multilateral lenders have
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Receive free UK airports updates We’ll send you a myFT Daily Digest email rounding up the latest UK airports news every morning. The UK’s two busiest international airports, Heathrow and Gatwick, have detected the type of concrete that recently forced hundreds of UK schools to close and sparked a political crisis. The airports, which together
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Arm plans to price its initial public offering at between $47 and $51 per share, according to an updated filing on Tuesday, raising up to $4.9bn for its current owner SoftBank and valuing the UK-based chip designer at up to $52bn. Cornerstone investors including Apple, Google, Nvidia, Intel and TSMC have indicated they plan to
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UK prime minister Rishi Sunak is facing the prospect of two parliamentary by-elections in Conservative strongholds this autumn after Chris Pincher lost his appeal against an eight-week suspension from the House of Commons for groping two men last year. An independent parliamentary panel upheld the recommendation by the Commons standards committee in July, ruling that
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